Creation date: 2010-04-21

Ц On April 19, 2010, in the National Bank of the Kyrgyz Republic, meeting of Chokoev Z.L., Deputy Chairman of the National Bank of the Kyrgyz Republic was arranged with head of commercial banks of the republic. In the course of the meeting, Chokoev Z.L. informed heads of commercial banks that the NBKR Board accepted the Resolution No. 19/1, dated April 19, 2010 “On performance of banking and payment transactions with physical entities, legal entities, individual and private entrepreneurs, clients of OJSC AsiaUniversalBank, OJSC IB Issyk-Kul, CJSC Manas Bank, OJSC Akyl Bank, OJSC KyrgyzCreditBank and OJSC Bank Bakai.  

 

 

Ц In accordance with resolution of the prosecutor of Bishkek, dated April 19, 2010 as well as to provide stability of the banking system operation and control over the capital movement as well as to maintain assets to the benefit of depositors and other creditors of banks, on the basis of Article No.32 of the Kyrgyz Republic Law “On the National Bank of the Kyrgyz Republic” and Article No.45 of the Kyrgyz Republic Law “On banks and banking activity in the Kyrgyz Republic” and to provide service the clients of OJSC AsiaUniversalBank, OJSC IB Issyk-Kul, CJSC Manas Bank, OJSC Akyl Bank, OJSC KyrgyzCreditBank and OJSC Bank Bakai, the NBKR Board made the decision No.19/1, dated April 19, 2009, to permit the above-mentioned banks to provide services (except for issuance of credits and equal assets, investments into the capital, securities, exclusive of governmental securities, as well as contributions to fixed assets and non-material assets) to physical entities, private and individual businessmen, resident legal entities and non-residents of the Kyrgyz Republic from 2 P.M., April 19, 2010. As for OJSC AsiaUniversalBank, performance of transactions of non-resident legal entities of the Kyrgyz Republic is terminated and performance of transactions of resident legal entities of the Kyrgyz Republic is limited with the sum of 1 million soms. Also the CJSC Manas Bank does not perform transactions with non resident legal and physical entities of the Kyrgyz Republic.  

 

 

Ц On April 16, 2010, in the National Bank of the Kyrgyz Republic, meeting of Sariev T.A. (Deputy Chairman of the Provisional Government of the Kyrgyz Republic) and Management Board of the National Bank of the Kyrgyz Republic was arranged with heads of commercial banks of the republic. Heads of the Banks Union of Kyrgyzstan, Specialized Fund for Banks Refinancing and Deposits Protection Agency also participated in the meeting. Main aim of the meeting was to discuss major problems occurring in the banking sector of the republic due to recent events. In particular, there were questions, related to problems of commercial banks with regard to introduction of limitations for performance of transactions by the banks, where provisional management was introduced. Thereupon, heads of commercial banks told about necessity in acceleration of the derestriction process for all transactions, except for transactions with insiders, affiliated companies and associated entities to continue the process of repayment of all remaining amounts to banks depositors and settlement of transactions on legal entities accounts. These measures would enable to overcome concern of banks clients and to eliminate tensions in the banking system of the republic. Also the issues, related to operation of the Single Inter-bank Processing Center and current activity of commercial banks, were discussed. In general it was noted that the banking sector remains stable and has sufficient liquidity to cover its liabilities to the population. Moreover, due to the fact that private businessmen were harmed during disorders, commercial banks on behalf of the Banks Union of Kyrgyzstan expressed their readiness to provide assistance to the aggrieved and to consider the possibility of credits restructuring (including decrease in interest rates, prolongation of terms and change of credits repayment schedule). In conclusion, Sariev T.A. (Deputy Chairman of the Provisional Government of the Kyrgyz Republic) noted the necessity in coordination of actions and development of joint measures of the National Bank of the Kyrgyz Republic and commercial banks of the republic to provide further stable operation of the overall banking system.  

 

 

Ц On provisional management of the CJSC “Development Fund of the Kyrgyz Republic” 

Due to unsteady situation in the Kyrgyz Republic, for the purpose of control over the capital movement and maintenance of assets to the benefit of depositors, considering special significance of the CJSC “Development Fund of the Kyrgyz Republic” in the national economy as well as management resignation, on the basis of Article No.32 of the Kyrgyz Republic Law “On the National Bank of the Kyrgyz Republic”, Article No.45 of the Kyrgyz Republic Law “On banks and banking activity in the Kyrgyz Republic” and Article No.7 of the Kyrgyz Republic Law “On Development Fund of the Kyrgyz Republic”, the Board of the National Bank of the Kyrgyz Republic made a decision to introduce provisional management from 1 P.M., April 16, 2010 in the CJSC “Development Fund of the Kyrgyz Republic” for the period of one month.  

 

 

ь As of April 1, 2010, the total sum of money in circulation constituted 34 510.1 million soms; among them 1 911.5 million soms were accounted for cash departments of commercial banks, the rest of money was circulated out of the banking system (in comparison with the corresponding period of the last year this rate increased by 8 732.3 million soms or by 33.9 percent).  

In the 1st quarter of 2010, cash departments of commercial banks of the republic received 60 733.5 million soms, which is 8 624.6 million or 16.6 percent more than in the 1st quarter of 2009.  

In the 1st quarter of 2010, cash departments of commercial banks issued 60 643.9 million soms which is 10 651.7 million soms or 21.3 percent more than in the 1st quarter of 2009. 

In the 1st quarter of 2010, collectability of cash money to cash departments of commercial banks constituted 100.1 percent (in comparison with the corresponding rate of the 1st quarter of 2009, the decrease constituted 4.1 percentage points). 

Change of cash money collectability in cash departments of commercial banks for the 1st quarter of 2010 is presented in the sectional view of oblasts in the Table No.1. 

 

In percent 

 

2009  

2010  

Deviation 

 

Total over the republic  

 

104,2 

 

100,1 

 

-4,1 

Bishkek city 

109,7 

108,5 

-1,2 

Batken oblast 

68,5 

65,5 

-3,0 

Jalalabat oblast 

84,3 

80,8 

-3,5 

Issyk-Kul oblast 

81,7 

76,4 

-5,3 

Naryn oblast 

61,4 

58,0 

-3,4 

Osh oblast  

65,1 

67,0 

1,9 

Osh city 

132,8 

112,0 

-20,8 

Talas oblast 

59,7 

73,9 

14,2 

Chui oblast  

99,5 

121,1 

21,6 

 

 

News of non-banking financial and credit institutions 

 

The National Bank of the Kyrgyz Republic issued licenses/certificates to the following non-banking financial institutions and exchange offices: 

 

1. PE Abdullaev Babirbek Burhandjanovich (License No. 4345, dated April 16, 2010 for conducting cash foreign exchange transactions). Legal address: central market, Jalalabat, Jalalabat oblast (orienting point – 1st passage of the market, from the city hall );  

2. PE Akjigitov Ergesh Abibillaevich (License No. 4344, dated April 15, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2496. Legal address: Abdrahmanova/Moskovskaya Str., Bishkek (Mossovet bus-stop); 

3. PE Davrusheva Elena Alekseevna (License No. 4343, dated April 15, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2495. Legal address: 119/18-19, Abdrahmanova Str., Bishkek; 

4. PE Jusupov Emilbek Jolchubekovich (License No. 4342, dated April 14, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2493. Legal address: container No.16, central passage, Trade Centre Dordoi, Bishkek 

5. PE Karimkulov Polotjan Tulanbaevich (License No. 4341, dated April 14, 2010 for conducting cash foreign exchange transactions). Legal address: central market, Jalalabat, Jalalabat oblast (against atelier “Maryam”);  

6. PE Koiliev Mahamad Turgunovich (License No. 4340, dated April 14, 2010 for conducting cash foreign exchange transactions). Legal address: central market, Jalalabat, Jalalabat oblast (against atelier “Maryam”); 

7. PE Borombaev Rustam Orozaldievich (License No. 4339, dated April 14, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2492. Legal address: 252, Kievskaya Str., Bishkek (shop “Aishe-Treiting”); 

8. LLC “ASI” (License No. 4338, dated April 13, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2491. Legal address: 105, Tynystanova Str., Bishkek; 

9. LLC “LTJ-EKU” (License No. 4337, dated April 13, 2010 for conducting cash foreign exchange transactions). Registration number of exchange offices: 2488, 2489, 2490. Legal addresses: Bishek, 1 Chimkentskaya Str. (Western bus-stop station), 1 Chimkentskaya Str. (southern part of Western bus-stop station), 1 Chimkentskaya Str. (northern part of Western bus-stop station) correspondingly; 

10. PE Kakeev Zarylbek Mederkulovich (License No. 4336, dated April 13, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2487. Legal address: Kievskaya/Kulieva Str., Osh market, Bishkek; 

11. PE Ormotoeva Nargiza Jumadilovna (License No. 4335, dated April 13, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2486. Legal address: 150, Abdrahmanova Str., Bishkek (dental clinic No.6); 

12. PE Mavlyanov Taalaibek Daminovich (License No. 4334, dated April 12, 2010 for conducting cash foreign exchange transactions). Legal address: Asanaliev Str., Kyzyl Kiya village, Batken oblast (Aibek Bazary, central entrance); 

13. PE Kolantai Gennadii Petrovich (License No. 4333, dated April 12, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2485. Legal address: 162/4, Moskovskaya Str., Bishkek; 

14. PE Rudenko Anton Vasilyevich (License No. 4332, dated April 12, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2484. Legal address: 125/3, Chui Avenue, Bishkek; 

15. LLC “MAB-ULA” (License No. 4331, dated April 12, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2483. Legal address: 21/2, Tokombaev Str., Bishkek. 

 

 

Inter-bank payments 

Indices of Inter-bank payment systems (IPS) 

  

Total IPS 

including 

Clearing system 

Gross system 

KGS mln 

items 

KGS mln 

items 

KGS mln 

items 

Indices from the period of April 12,2010 – April 15, 2010 (reporting period) 

Absolute value for a week  

6 348,8 

20 927 

631,0 

18 362 

5 717,8 

2 565 

Share of IPS payments (%) 

100,0 

100,0 

9,9 

87,7 

90,1 

12,3 

including (%): 

 

 

 

 

 

 

Net positions of Common Interbank Processing Center 

0,01 

0,2 

0,1 

0,3 

0,0 

0,0 

Outgoing to the Central Treasurer's Office 

19,4 

5,0 

8,0 

5,5 

20,7 

1,6 

Incoming from the Central Treasurer's Office 

16,1 

30,0 

16,5 

33,9 

16,1 

2,0 

Outgoing to the Social Fund 

0,0 

0,0 

0,0 

0,0 

0,0 

0,0 

Incoming from the Social Fund 

0,1 

2,4 

1,0 

2,7 

0,0 

0,0 

Average weekly indices for the previous month 

Absolute Value 

9 814,5 

63 504 

1 199,8 

60 969 

8 614,6 

2 535 

Indexes deviations of the reporting period from the weekly average indexes of the previous month  

Absolute Value 

-3 465,6 

-42 577 

-568,8 

-42 607 

-2 896,8 

30 

% 

-35,3 

-67,0 

-47,4 

-69,9 

-33,6 

1,2